Veralto (VLTO) Reports Q2: Everything You Need To Know Ahead Of Earnings - The Chronicle-Journal
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Water analytics and treatment company Veralto ( NYSE: VLTO ) will be reporting earnings this Tuesday after market hours. Here's what investors should know. Veralto beat analysts' revenue expectations last quarter, reporting revenues of $1.42 billion, up 6.8% year on year. It was a strong quarter for the company, with full-year EPS guidance slightly topping analysts' expectations and a beat of analysts' EPS estimates. Is Veralto a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Veralto's revenue to grow 6.1% year on year, in line with the 6.4% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Veralto has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Veralto's peers in the environmental and facilities services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Waste Connections delivered year-on-year revenue growth of 6.4%, beating analysts' expectations by 0.9%, and Rollins reported revenues up 7.9%, falling short of estimates by 1.3%. Waste Connections's stock price was unchanged after the resultswhile Rollins was down...
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